Glencore (LON:GLEN) Stock Rating Reaffirmed by UBS Group

UBS Group reaffirmed their neutral rating on shares of Glencore (LON:GLEN) in a report published on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a GBX 250 ($3.27) price target on the natural resources company’s stock, up from their prior price target of GBX 240 ($3.14).

Other equities analysts have also issued research reports about the stock. Goldman Sachs Group reaffirmed a neutral rating and set a GBX 242 ($3.16) target price (down previously from GBX 245 ($3.20)) on shares of Glencore in a research report on Wednesday, November 27th. Deutsche Bank reiterated a buy rating on shares of Glencore in a research note on Wednesday. Jefferies Financial Group reduced their price target on shares of Glencore from GBX 320 ($4.18) to GBX 300 ($3.92) and set a buy rating for the company in a report on Friday, October 11th. Barclays restated an overweight rating on shares of Glencore in a research report on Wednesday, November 27th. Finally, HSBC set a GBX 285 ($3.72) price objective on shares of Glencore and gave the stock a buy rating in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Glencore has a consensus rating of Hold and a consensus target price of GBX 282.31 ($3.69).

GLEN opened at GBX 220.15 ($2.88) on Wednesday. Glencore has a 1-year low of GBX 188.23 ($2.46) and a 1-year high of GBX 2,334.50 ($30.50). The company has a current ratio of 1.05, a quick ratio of 0.39 and a debt-to-equity ratio of 86.29. The stock has a market capitalization of $29.34 billion and a price-to-earnings ratio of 35.51. The business has a 50 day moving average of GBX 240.94 and a 200-day moving average of GBX 251.15.

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.

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Analyst Recommendations for Glencore (LON:GLEN)

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